Yesterday CityRealty uncovered new renderings of SBLM Architects’ office tower at 38-01 Queens Boulevard in Sunnyside. Today we turn to the Financial District, where SL Green is planning a mixed-use, mixed-income rental tower at 183 Broadway. A rendering posted to SBLM's website shows an undulating form sheathed in highly reflective glass that is reminscent of "The Sculpture of Living " towe in Astor Place. That tower's distinctive (albeit controversial), Gwathmey Siegel design dramatically transformed the look of Astor Place.
According to The Real Deal, SL Green bought 183 Broadway for $28.5 million in 2016 after paying $63.5 million for 187 Broadway and 5-7 Dey Street a year earlier. The company initially considered an office tower, hotel, or dormitory for the site, but ultimately decided on mixed-income rentals because of a 35-year tax abatement offered under the Affordable New York program. The project will be one of the first to take place under this successor of 421a.
In this article:
Rendering of 183 Broadway via SL Green
Permits have not yet been filed, and it is not clear how many apartments the new building will contain. We do know that completion is estimated for 2020, and that 30 percent of the units will be designated affordable. It is also clear that residents will appreciate easy access to the subway, the Oculus, and a resurgent downtown dining, shopping, and cultural scene.
Looking up at the cleared L-shaped site (Google Streetview)
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Michelle Merritt
Michelle is a contributing writer and editor for real estate news in New York City
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